The Biden administration on Thursday asserted its authority to seize the patents of certain costly medications in a new push to slash high drug prices and promote more pharmaceutical competition.

The administration unveiled a framework outlining the factors federal agencies should consider in deciding whether to use a controversial policy, known as march-in rights, to break the patents of drugs that were developed with federal funds but are not widely accessible to the public. For the first time, officials can now factor in a medication’s price — a change that could have big implications for drugmakers depending on how the government uses the powers.

“When drug companies won’t sell taxpayer-funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less,” White House National Economic Advisor Lael Brainard said during a call with reporters Wednesday.

  • Blackbeard@lemmy.worldM
    link
    fedilink
    English
    arrow-up
    13
    arrow-down
    4
    ·
    1 year ago

    Amen to that. It’s a shame the left doesn’t have a shameless media ecosystem that can produce a 24/7 cacophony of propaganda to amplify this kind of stuff.

    • PhlubbaDubba@lemm.ee
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      They do, it’s just that that ecosystem is owned by the same vested interests and so it churns a cacaphony of criticism aimed at making the left feel no accomplishment is good enough and no effort is far enough.